Thursday, September 17, 2009

Bankruptcy is NOT an option for JAL

It worries me a bit when the new Japan transport minister Seiji Maehara said he will replace Japan Airlines' restructuring panel. It was just a waste of time, especially when JAL CEO has just presented their plan to the panel the day before :( But at the press conference today Maehara made a strong statement.

New transport minister Seiji Maehara said Thursday that bankruptcy is not an option for struggling Japan Airlines Corp., emphasizing that Japan should keep JAL and All Nippon Airways Co. as the two pillars of its aviation industry.

Speaking at a press conference, Maehara also indicated that the government would accelerate efforts to rehabilitate JAL, saying, ''The time left for us for the JAL rehabilitation is limited.''

So if time is really limited, why the hell did you replace the expert panel set up by the previous administration. I know the panel was set up by a different party, but those people are reputable experts but politicians like you! And if you are to replace the panel, why did you let JAL CEO present their plan to the panel the day before? Is this a waste of his time? Maybe this is just an unfortunate timing issue since the new party didn't take over the office until yesterday :(

Twitter / JALPak

About Me

JALPak, FlyerTalk's JAL Mileage Bank forum ambassador. I am just a regular leisure traveler who is obsessed with Japan Airlines.
You can contact me by email. The address is pak @ jalflyer dot com
Disclaimer: I do NOT work for the JAL Group and I am NOT a shareholder either :)

Want to Contribute?

If you have contents that you think is suitable for this site, want to be a guest or even a regular blogger, feel free to drop me a line via e-mail. My email address is pak @ jalflyer dot com. For more details, please refer to this page.